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When everyone has a home

Housing and debt helpline for Northern Ireland – 028 9024 5640

January 2018

Local charity Housing Rights is urging homeowners with interest only mortgages who do not have a repayment plan in place to contact them for free advice.

The call comes on the back of concerns expressed by the Financial Conduct Authority (FCA) that a significant number of interest only customers may not be able to repay the capital at the end of their mortgage.  According to the FCA nearly one in five mortgage customers have an interest only mortgage. 

Ursula Toner, Advice Services Manager with Housing Rights, commented:

Local charity Housing Rights is urging people who are worried about paying their mortgage or rent after Christmas to contact them for free advice.

Ursula Toner Advice Services Manager with Housing Rights commented: “We know that many people in Northern Ireland are struggling with debt and will often put off dealing with it until after Christmas.   We want to let them know that free advice and assistance is available and the earlier they seek help the more options are available.”